Ferrari N.V.

What does Ferrari own?
Ferrari N.V. owns Ferrari S.p.A., the Italian operating company that designs, engineers, and manufactures all Ferrari vehicles. The company also owns Scuderia Ferrari, the Formula 1 racing team that is the oldest and most successful team in the history of the championship. Ferrari does not own other automotive brands and operates exclusively under the Ferrari name. The company's portfolio consists of its current model lineup of sports cars, grand tourers, and the Purosangue four-door vehicle.

Is Ferrari publicly traded?
Yes, Ferrari N.V. is listed on the New York Stock Exchange under ticker RACE and on Euronext Milan under the same ticker symbol. The company completed its initial public offering on the NYSE in October 2015 at 52 US dollars per share. Ferrari operates a dual-class share structure that includes special voting shares available to long-term shareholders, giving the Agnelli family's holding company Exor effective voting control despite holding approximately 36% of share capital.

Who founded Ferrari?
Ferrari was founded by Enzo Ferrari, who was born in Modena, Italy in 1898. Enzo Ferrari began his career as a racing driver for Alfa Romeo and later managed Alfa Romeo's racing program through Scuderia Ferrari, which he founded in 1929. He established the company that would become Ferrari as an automotive manufacturer in 1939 in Maranello, with the first car bearing the Ferrari name competing in 1947. Enzo Ferrari died in August 1988 at the age of 90.

Where is Ferrari headquartered?
Ferrari is headquartered in Maranello, Emilia-Romagna, Italy, where the company has been based since its founding. The Maranello campus houses Ferrari's design studios, engineering departments, wind tunnels, engine manufacturing, and vehicle assembly operations. Ferrari also maintains a presence in Modena, the birthplace of Enzo Ferrari, and operates offices in other locations for commercial and administrative functions.

How many brands does Ferrari own?
Ferrari operates as a single-brand company. All vehicles are sold under the Ferrari name, with individual model names serving as product identifiers within the lineup. Ferrari does not own other automotive brands and has consistently declined to extend its brand into lower price segments. The company's Tailor Made personalization program and limited-series XX Programme vehicles are extensions of the Ferrari brand rather than separate brands.

Who owns Ferrari?
Ferrari N.V. is publicly listed, with shares held by institutional investors and public shareholders. The Agnelli family controls Ferrari through Exor N.V., their Dutch holding company, which holds approximately 36% of Ferrari's share capital and approximately 52% of voting rights through the company's special voting share structure. Piero Ferrari, the son of founder Enzo Ferrari, holds approximately 10% of share capital and serves as Vice Chairman. John Elkann, CEO of Exor and Executive Chairman of Ferrari, represents the Agnelli family's controlling interest.

What is Ferrari's revenue?
Ferrari reported 2025 full-year net revenues of approximately 7.15 billion euros, a 7% increase compared to FY2024. EBIT for FY2025 was approximately 2.11 billion euros, up 12% year-over-year, and industrial free cash flow grew nearly 50% compared to the prior year. Ferrari's operating margins are among the highest in the global automotive industry, reflecting the company's luxury pricing strategy and deliberate volume limitation.

Enzo Ferrari was born in Modena, Italy in 1898. He began his automotive career as a racing driver for Alfa Romeo in the 1920s and later managed Alfa Romeo's racing team through a subsidiary called Scuderia Ferrari, which he founded in 1929. In 1939, Enzo Ferrari left Alfa Romeo following a dispute over control of the racing program and established Auto Avio Costruzioni in Maranello, initially producing machine tools and aircraft accessories under a non-compete agreement with Alfa Romeo.

The first car to bear the Ferrari name was the 125 S, a 1.5-liter V12 sports racing car that competed in its first race in May 1947. This date is generally regarded as the founding of Ferrari as an automotive manufacturer, though the company's formal corporate history traces to 1939. The 125 S established the V12 engine configuration that would become a defining characteristic of Ferrari's most prestigious models.

Throughout the 1950s, Ferrari built its reputation through motorsport success, winning multiple Formula 1 World Championships and victories at Le Mans and other endurance races. The company's racing success drove demand for its road cars, which were sold primarily to wealthy enthusiasts in Europe and North America.

In 1969, facing financial difficulties, Enzo Ferrari sold a 50% stake in Ferrari to Fiat S.p.A. for an undisclosed sum. The agreement gave Fiat control of Ferrari's road car operations while Enzo Ferrari retained control of the racing division. Fiat subsequently increased its stake to 90% while Enzo Ferrari retained 10%. This arrangement allowed Ferrari to access Fiat's manufacturing resources and financial stability while maintaining its engineering independence.

Enzo Ferrari died in August 1988 at the age of 90. Following his death, Fiat assumed full ownership of Ferrari. Under Fiat's ownership, Ferrari continued to develop iconic models including the F40, F50, Enzo, and LaFerrari, each representing the technological pinnacle of the company's capabilities at the time of their introduction.

In 2014, Fiat Chrysler Automobiles (FCA), the successor entity to Fiat, announced plans to separate Ferrari from the group. Ferrari N.V. was incorporated in the Netherlands as a holding company, and in October 2015, FCA distributed approximately 80% of Ferrari N.V. shares to FCA shareholders. Ferrari N.V. completed its initial public offering on the New York Stock Exchange in October 2015, listing under ticker RACE at an initial price of 52 US dollars per share. A secondary listing on the Milan Stock Exchange followed.

Following the IPO, Exor N.V., the holding company of the Agnelli family, became Ferrari's largest shareholder. Piero Ferrari, the son of Enzo Ferrari, retained a 10% stake in the company, a position he continues to hold as of 2026.

In 2022, Ferrari launched the Purosangue, its first four-door, four-seat vehicle, marking a significant departure from the company's traditional two-seat sports car focus. The Purosangue is not classified as an SUV by Ferrari, though it shares some characteristics with the segment. The model generated substantial demand and has become one of Ferrari's highest-revenue models.

In 2025, Ferrari reported full-year net revenues of approximately 7.15 billion euros, up 7% year-over-year, with EBIT of approximately 2.11 billion euros, up 12%, and industrial free cash flow surging nearly 50% compared to the prior year. The company also announced a partnership with IBM as Premium Partner of Scuderia Ferrari, effective January 2025.

Ferrari has established sustainability and ethical practices focused on environmental responsibility, automotive innovation, and corporate governance in the luxury automotive industry. As one of the world's most prestigious automotive brands, Ferrari recognizes its role in promoting sustainable luxury manufacturing while maintaining high standards of business ethics.

Environmental sustainability initiatives include reducing carbon emissions in manufacturing facilities, renewable energy adoption, and comprehensive waste reduction programs. Ferrari has implemented sustainability reporting and works toward reducing environmental impact across its extensive manufacturing operations and supply chain.

Automotive innovation and performance ethics represent core principles for Ferrari's operations, with comprehensive engineering standards, performance testing programs, and quality control systems. The company maintains extensive engineering programs and works to ensure responsible automotive innovation across its diverse vehicle portfolio.

Corporate governance emphasizes ethical business practices, transparent reporting, and stakeholder engagement. Ferrari maintains strong governance structures, board oversight, and regular ethics training for employees and management across its global operations.

Racing ethics and motorsport responsibility include comprehensive racing protocols, ethical motorsport practices, and competition standards. Ferrari maintains extensive racing programs and works to ensure responsible motorsport participation across its Formula 1 and racing activities.

Ferrari has received extensive recognition for automotive excellence, luxury innovation, and corporate achievement in the global automotive industry.

• Automotive Excellence Awards: Multiple awards for vehicle design, engineering innovation, and automotive excellence
• Luxury Brand Recognition: Recognition as one of the world's most valuable luxury automotive brands
• Motorsport Excellence Awards: Recognition for Formula 1 racing success and motorsport achievement
• Workplace Excellence: Various awards for workplace culture, diversity, and employee satisfaction
• Financial Performance Recognition: Awards for revenue growth and operational efficiency in the automotive sector
• Brand Recognition: Consistent ranking as one of the world's most valuable automotive brands
• Engineering Excellence Awards: Recognition for automotive engineering and technical innovation
• Global Leadership Recognition: Awards for international market leadership and automotive industry innovation
• Corporate Responsibility Awards: Recognition for community engagement and social impact programs
• Customer Experience Awards: Recognition for customer service and luxury automotive experience

Ferrari operates under regulatory scrutiny related to automotive emissions, luxury goods regulations, and competitive practices in the highly regulated automotive industry.

Automotive emissions and environmental compliance represents ongoing scrutiny regarding vehicle emissions standards, environmental impact, and compliance with automotive regulations. Ferrari must maintain strict adherence to automotive emissions regulations and environmental protection standards.

Luxury goods regulations and customs compliance have faced scrutiny regarding luxury vehicle imports, customs duties, and luxury goods regulations. Ferrari faces questions about luxury goods compliance and international trade practices.

Competition and market practices have faced scrutiny regarding Ferrari's position in the luxury automotive market and relationships with competitors. The company faces questions about market dominance, competitive behavior, and relationships with other luxury automotive manufacturers.

Racing regulations and motorsport compliance includes oversight regarding Formula 1 regulations, motorsport compliance, and racing standards. Ferrari faces questions about motorsport compliance and racing practices.

Corporate governance and ownership structure have drawn attention regarding dual-class share structure, family control, and corporate governance practices. Questions about corporate governance and ownership structure create regulatory and investor attention.